Now trading a 26 handle. I'm still waiting for Facebook to file lawsuits against JPM/MS.

Mike

Big Mike 

Now trading a 26 handle. I'm still waiting for Facebook to file lawsuits against JPM/MS. Mike

Maybe not Facebook, but the investors who have been allotted the shares.

Fat Tails 

Maybe not Facebook, but the investors who have been allotted the shares.

I know Marc Z is already part of the lawsuit, from what I read, as a shareholder.

But I meant I am surprised there is not a lawsuit from Facebook against the MM's and/or NASDAQ, for the way this was handled - which has obviously damaged their reputation and cost them.

Mike

Fat Tails 

Maybe not Facebook, but the investors who have been allotted the shares.

This whole thing is a mess. It is likely to slow down future IPOs.

Big Mike 

Now trading a 26 handle. I'm still waiting for Facebook to file lawsuits against JPM/MS. Mike

VectorVest calculated value for FB is $8.59, perhaps a buy around 8-10?

NJAMC 

This whole thing is a mess. It is likely to slow down future IPOs.

We need to distinguish here again..

1) a damage for the IPO stock holder (here FB) is sure - hopefully any trader has set a tight SL to manage risk
2) the company itself has no real damage - they changed only investors - and they profit from every day "big news" for 0 costs
3) lofty companies making an IPO (be it a bubble or not) shift their own risks to other investors with less inside knowledge
- at that time exactly that risk has to be tested via Due Diligence by the new investor - it is only in HIS hand to check
for ANY incovenience BEFORE the buy and fix imponderabilities in the contract - otherwise the FULL damage goes to the new investor.
4) the old investors having brought their shares to the market may gain *again* after the IPO taking the mainstream
position to get a second winner through the high volatility of the stock.

HINT: If you do not want to burn your fingers - do NEVER invest in any overvalued IPO
In fact - IPO's are for insiders - not for the herd.

GFIs1

on the tape saying the same thing wldman said early last week. reasonable multiple of nex years earnings has this thing low to mid 20's

Kids raped, sodomized on Facebook pages

Can Facebook’s child-porn explosion be stopped?

Inside Facebook's Outsourced Anti-Porn and Gore Brigade, Where 'Camel Toes' are More Offensive Than 'Crushed Heads'

Poll closed; results:



Mike

Lornz 

Kids raped, sodomized on Facebook pages Can Facebook’s child-porn explosion be stopped? Inside Facebook's Outsourced Anti-Porn and Gore Brigade, Where 'Camel Toes' are More Offensive Than 'Crushed Heads'

Watch them have a "To catch a predator" special with FB now

unfortunately it is not a new thing for social networking sites